P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Condominiums LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 8% year-over-year (700 vs 762).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2022, a total of 733 new listings were added to the market, a decrease of 16% vs the same time period 12 months ending April 30, 2021.
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Available inventory as of April 30, 2022 consisted of 249 units, a 15% decrease vs the same time period in 2021 (249 vs 294). Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,429,607, increasing 13% vs the same time period in 2021.
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The median sales price for the area in April 2022 increased 12% to $1,875,000 vs April 2021.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.